BANKSETA AR 31 AUGUST

PERFORMANCE INFORMATION

Strategy To Overcome Areas Of Under Performance

Monitoring of progress on site must be improved and the submission by implementing partners of performance information relating to previous years must be discouraged. Strategy to improve on the implementation of the reskilling of employees: The funding guidelines for this sub-programme must be reviewed and expanded on to allow a more flexible and pro-active approach. A partnership with the union must be forged to upskill and reskill members in addition to the initiatives by employers. Strategy to implement the entrepreneurship programme: Funding guidelines to allow a wide array of applicants to access funding in support of entrepreneurship support has produced the desired result and this target will be achieved in the 2022/23 year. Increased numbers will allow the 5-year target to be achieved. To ensure the desired impact is achieved this programme is included in the impact assessment study planned for 2023/24. Strategy to ensure target for learners with disabilities is met: Dedicated programmes for people with disabilities must be structured and implemented. Strategy to improve overall weaknesses: Partnerships with stakeholders must be monitored closely and must be terminated where these do not progress as planned. Funds should be redirected to areas where implementation of similar programmers are successful. BANKSETA must procure service providers to deliver training in areas where implementation partners do not have the capacity to procure providers themselves. Procurement and invitations to apply for funding must be more proactive so that delivery can start sooner.

In auditing this programme the AGSA identified the following issues: • Various performance indicators that were not consistent with the planned indicators • Inadequate processes to ensure consistent measurement and reporting of performance against the predetermined indicator definitions involving the Maths and Science indicator The above relate to inadequate reviews of the APP prior to its approval by the Executive Authority. The BANKSETAAPP now undergoes a number of reviews through assurance providers including AGSA during the Interim Audit in order to identify and correct any misalignment prior to Executive Authority approval. Strategy to support career development services: The BANKSETA will prioritise the procurement of a provider to conduct workshops. The planned number of workshops must be increased so that not only the annual targets but also the 5-year target can be achieved. Strategy to implement the Leadership Development Programme: Procurement of a provider to deliver this programme has been concluded and learners have registered on the programme. Despite a delay in implementation in the past two years, this programme is now on track and numbers are increased such that the annual target for 2022/23 and the 5-year strategy will be achieved. Strategy to improve on the delivery of the PIVOTAL programme for employees: The human resources for this sub-programme must be increased.

Linking Performance with Budgets

2020/2021

2021/2022

Programme/ Activity/ Objective

Actual Expenditure

(Over)/Under Expenditure Budget

Actual Expenditure

(Over)/Under Expenditure

Budget

R’000

R’000

R’000

R’000

R’000

R’000

Discretionary Grants

744 288

323 419

420 869 1 163 775

522 670

641 105

68

PART B: PERFORMANCE INFORMATION | BANKSETA ANNUAL REPORT 2021/22